Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Update

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 479,900 shares, a growth of 5.7% from the October 31st total of 453,900 shares. Based on an average daily trading volume, of 241,600 shares, the short-interest ratio is currently 2.0 days.

Cherry Hill Mortgage Investment Stock Performance

Shares of CHMI stock remained flat at $2.67 on Tuesday. 178,391 shares of the stock traded hands, compared to its average volume of 206,437. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $4.39. The firm has a market cap of $84.43 million, a price-to-earnings ratio of -1.76 and a beta of 1.39. The company has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.51.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The firm had revenue of $14.33 million during the quarter. During the same period last year, the business earned $0.16 earnings per share. Research analysts expect that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 22.47%. The ex-dividend date of this dividend was Monday, September 30th. Cherry Hill Mortgage Investment’s payout ratio is presently -39.47%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Members Trust Co acquired a new position in Cherry Hill Mortgage Investment in the 3rd quarter worth $47,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth about $49,000. Barclays PLC bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth about $52,000. Hudson Valley Investment Advisors Inc. ADV lifted its position in Cherry Hill Mortgage Investment by 133.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 16,000 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth about $665,000. 18.49% of the stock is owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.